Evelyn Lee
Masked by the sector darling’s significant growth over the past four years, many miscalculations are now coming to a head.
The REIT, which will be seeded with a $1.6bn portfolio of assets, will be the largest vehicle of its kind focused on the sector.
Active private real estate investors are buying up assets from owners under pressure. But they are less fixated on bargains.
The acquisition comes eight months after the launch of the vehicle, which has a $5bn target, in August 2023.
New vehicle is the firm's first commingled fund for its global commercial real estate credit business.
The pension plan’s head portfolio manager is seeking to allocate more capital to emerging sectors like industrial outdoor storage.
The top executive at the Singapore-based firm expects Western capital to return to the market when risk-return dynamics have stabilized.
The following tidbits give a further glimpse into the character of one of the best-known investor names in private real estate.
Refinancing challenges for borrowers in the region can differ widely depending on the market where they are investing.
CalSTRS’ head of private markets pushed for big changes during his 20-plus years at one of the world’s largest property investors. He is not done pushing yet.